Interested in getting a more in depth look at the market? Click on any of the pins below to get a quick glimpse of the real estate market for that area, and enter your name and email address to get a detailed report sent to you. Knowledge is power, right? Let me know if you have any questions once you review your report.

Cheers,
Heather

If you are curious about how much your home (or a home you might want to buy) is worth, just fill out this form and I’ll email you a report with clickable links to comparable homes that are for sale or recently sold. Don’t worry, I won’t spam you…I hate spam just as much as you. =)

~ Heather

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One of the statistics I rarely look at is price per square foot, because it is typically the most stable in the short term. Going into the spring market, I thought it would be helpful to look at where the median price per square foot is for different towns in Loudoun County.  Remember that ‘condo’ really means ‘condo and townhomes.’

For the whole county, you can see the slide downward as the median price dropped across the county from 2007 through 2009. From the beginning of 2009 to now, it’s stabilized to within $5 a square foot, looking at single family homes or condos/townhomes.

Sterling is trending slightly below the Loudoun average for condos and townhomes, but in line with the rest of the county for single family homes. There is definitely a bigger disparity between home types here than on a county-wide level.

In Ashburn, there is no discernable difference in price per square foot between home types. Expect to spend around $160 a square foot, no matter what you are purchasing. Therefore, condos and townhomes are more expensive in Ashburn than in Sterling when you are looking at cost per square foot.

Leesburg is like Ashburn, because right now the cost per square foot is the same across all home types; however it’s about $10 less per square foot than in Ashburn. So you can afford a bit more home for your money, but your commute time is slightly longer as you head East.

In Hamilton, you can basically disregard the stats for condos and townhomes, as there are so few that it makes it statistically irrelevant. Single family homes are averaging about the same as Leesburg, but have not seen the huge rise and fall that the rest of the county saw between 2007 and 2009.

Single family homes in Purcellville are trending as high as the county average for dollars per square foot, refuting the theory of saving money by living further out. (Although in actuality, with the low number of homes on the market right now, it could be that what is available in Purcellville right now is in better shape, or newer, than what is on the market in the Eastern part of the county. Sometimes statistics don’t make sense to me, and this is one of those times.)

As expected, Round Hill is the least expensive as the most outlying town in the county, with the single family home price per square foot coming in about $20 a square foot less than the county average, and condos/townhomes about $25 a square foot less.

If you would like to see statistics specific to your neighborhood, or the neighborhoods you are interested in, just hit the Ask Heather button and let me know what you are looking for.

Cheers,

Heather

I just set up a page for real estate market statistics for Loudoun County that automatically updates on a weekly basis when new data becomes available. If you look in the top menu above, you’ll see a tab for Real Time Stats. Feel free to bookmark it and visit to see the latest trends. My posts on the site will continue to drill down into the data to give you more specific analysis, but you can visit that page for an overview. Each of the individual town statistic sites will have more zip code specific information, too.

Also, if you would like to get an email report tailored to your specific zip code and property type, just fill out this form (keep in mind that the Condo report includes townhomes, too!) :

Cheers,
Heather

Today I wanted to bring you some data on what is happening in the western part of Loudoun County. It’s no secret that the market adjusts the further west you go; the commuting time gets longer to employment hubs in Dulles, Tysons Corner, and Washington DC, but the home prices are lower, so you get more house for your money the further you are willing to drive. Typically what we see when the market starts to adjust, is that it’s like a pebble in the pond, rippling out from DC to points further away. While Fairfax County saw recovery faster than Loudoun, the eastern part of Loudoun County, in Sterling, Ashburn, and Leesburg, have now stabilized and are seeing median price increases and low inventory. In western Loudoun, Hamilton has stabilized in price (no increase yet) but Purcellville, Round Hill, and Lovettsville are still showing median price decline for single family homes. Inventory in the western part of the county is just as low as in the east. Hopefully in the coming weeks we will see these graphs start to behave like the ones I posted last week for the eastern part of the county.

For comparison’s sake, here’s single family home median prices in Leesburg:

However, as you start to move west across the county, here’s what you find:

If you have questions or would like more information about a specific area, feel free to click on the Ask Heather button to reach out to me!

Cheers,

Heather